In 2003, federal government expenditures as a percentage of GDP were around _____
a. 10 percent
b. 20 percent
c. 30 percent
d. 40 percent
b
Economics
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The supply curve for land: a. is almost perfectly elastic
b. is almost perfectly inelastic. c. is downward sloping. d. is horizontal.
Economics
If financial news broadcasts reported that inflation was likely to rise significantly next year, what would most likely happen to the velocity of circulation?
A. Velocity will decrease. B. Velocity will increase. C. Velocity will remain constant. D. Velocity is unrelated to inflation.
Economics